CAF increases AFCON prize money by 40%

The Confederation of African Football (CAF) has announced a boost to the Africa Cup of Nations (AFCON) prize money, raising the winner’s reward by 40% for the upcoming tournament in Côte d’Ivoire.

Champions of the 2023 AFCON, which kicks off on January 13, will now receive $7 million, up from the previous prize money.

The financial reward ladder extends throughout the tournament, with the runner-up taking home $4 million and each semi-finalist receiving $2.5 million. Teams bowing out in the quarterfinals will earn $1.3 million.

“CAF has made significant progress over the past two years in increasing the prize money of the AFCON and all its other major competitions,” CAF president Patrice Motsepe said.

“We have increased the prize money of the AFCON Winner to seven million dollars which is a 40 per cent increase from the previous prize money.

“I am confident that a portion of the prize money will contribute to developing football and also benefit all the football stakeholders, as well as assist our member associations with their administrations,” he said.

With 24 nations vying for the coveted trophy, the 2023 AFCON is expected to be a captivating showcase of African football’s finest talent.